Guideline Value for Dr.PANDIYAN ROAD

Dr.PANDIYAN ROAD guideline value

The current guideline value of Dr.PANDIYAN ROAD is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Dr.PANDIYAN ROAD has changed

Over the years, the guideline value of Dr.PANDIYAN ROAD has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased again to Rs 3,500 per sq.ft in the 2023 revision, and finally rose to the current rate of Rs 3,900 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From 2017 to 2023, the value increased by 49%, while there was a decrease of 33% from 2012 to 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is equal to the current guideline value of Dr.PANDIYAN ROAD.

• Dr Ambethkar Street: Rs 2,200 per sq.ft (2024)
• DTE Colony: Rs 3,900 per sq.ft (2024)
• Eashwar Colony: Rs 4,400 per sq.ft (2024)
• Dhuraisamy Garden /Thottam: Rs 3,900 per sq.ft (2024)
• Elangai Agathigal kudiyiruppu: Rs 2,200 per sq.ft (2024)
• Elango Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.PANDIYAN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.PANDIYAN ROAD?

The Sub Registrar Office that covers Dr.PANDIYAN ROAD is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thalakanancherry

The guideline value is a critical aspect when buying or selling property in Thalakanancherry. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration process.

When a property is sold, the higher of the guideline value and the sale price is used to calculate the necessary fees. This ensures that all transactions are conducted fairly and transparently, adhering to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Dr.PANDIYAN ROAD?

The current guideline value of Dr.PANDIYAN ROAD is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for Dr.PANDIYAN ROAD?

Dr.PANDIYAN ROAD is classified as Residential Class I Type - III under the Alandur SRO.

What are the stamp duty and registration fees for properties on Dr.PANDIYAN ROAD?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 3,51,000.

Where is the Sub Registrar Office for Dr.PANDIYAN ROAD located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.